That facility — a 130 million cubic feet per day cryogenic natural gas processing plant — opened at 1025 Bounds Road within the Delaware Basin, and is in an "active area," Bretches said.

He said the proposed plant is anticipated to be constructed in the same area and would be a 220 million cubic feet per day cryogenic natural gas processing plant, putting the company's production in Eddy County at about 350 million cubic feet per day.

The proposed plant would also include approximately 40 miles of gas gathering pipeline, four stations to add 25,000 horsepower of gas compression and 42 miles of 16-inch high-pressure lateral pipe extending into Lea County.

The company estimates that the project will create up to 200 temporary jobs and 20 permanent jobs.

Bretches said the company is also looking to develop six additional permanent jobs in the future.

Sendero Midstream opened in 2014 and selected Eddy County as an appropriate location to build a facility because of growing activity in the oil and gas industry, Bretches said.

"We looked at the activity. Two of the top five counties (in New Mexico) that produced oil and gas is Eddy and Lea County," he said.

The production, he said, also benefits the county by producing property tax revenue.

The company is currently discussing the timeline for construction of the proposed plant and released a request for proposal to hire a contractor.

A majority of employees at the existing plant are local residents, Bretches said.

"There is a lot of great local talent. We want to hire locally," he said, mentioning that hiring locally reduces long commutes for employees.

"This is a very receptive community and we want to make sure we're doing right by the landowners."

The company also owns a plant in Mexico City, Mexico.

DeJanay Booth can be reached at 575-628-5546, dbooth@currentargus.com and @DeJanayBooth on Twitter.

Editor's Note: This story was updated March 21 to reflect a correction in a quote which was initially published and referred to the termination of jobs by Sendero Midstream. No jobs are being terminated.